Californians work 110 days to pay tax bill
Category: Tax Freedom, Uncategorized
Tax tab:
$2.62T Americans will pay in federal taxes in 2012
$1.42T Americans will pay in state/local taxes in 2012
29.2% Estimated portion of American income as a whole going to taxes
107 Days of work it takes nation to pay 2012 taxes
110 Days of work it takes California to pay 2012 taxes
Source: National Tax Foundation
Tuesday wasn't just the deadline to pay last year''s taxes.
It also marked national Tax Freedom Day the symbolic date by which the Tax Foundation estimates Americans have made enough money to pay off their taxes for 2012.
This year it took 107 days for Americans to earn enough income to meet their federal, state and local tax obligations, according to the annual report by the Tax Foundation, a Washington, D.C.-based nonprofit research group. Thats four more days than it took to foot the tax bill in 2011 and represents about 29.2 percent of the nations total income.
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Californians work 110 days to pay tax bill
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